A pessimistic view of the 1986 tax reform is that Congress simplified the tax code _____
a. because it represented a Pareto superior move
b. created new loophole opportunities that did not exist previously
c. in order to increase the efficiency in the system
d. because it was in the best interests of the special interests
b
Economics
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When the Fed increases the money supply, it leads to lower interest rates
Indicate whether the statement is true or false
Economics
The real business cycle model begins with the assumption that ________
A) wages and prices are sticky B) wages and prices are completely flexible C) the velocity of money is a constant D) nominal variables are superior to real variables in describing economic activity
Economics